Boomtown, Episode 2: The Rise of the Permian

To understand the current shale boom, we take a step back in time to explore the history of oil in Texas.

Boomtown is a 10-episode podcast series produced in partnership with Imperative Entertainment.

 

 

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Source: Texasmonthly.com

Oil tops $60, settles near 3-month high

Oil prices rose slightly Monday on hopes energy demand will benefit from the trade deal between the United States and China.

Brent crude oil futures rose 16 cents to $65.37 a barrel, while West Texas Intermediate crude rose 14 cents to settle near a three-month high of $60.21 a barrel.

 

 

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Source: CNBC

 

Watch: A conversation about how the oil and gas sector affects Texas

In a state that produces more crude and more natural gas than any other, is it any wonder the sun rises and sets on the price of West Texas Intermediate?

In this live conversation, we sit down with industry professionals and local officials for a conversation on the state of play in Texas’ oil and gas sector, moderated by The Texas Tribune’s Ross Ramsey.

 

 

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Source: The Texas Tribune

 

The U.S. Dominates New Oil And Gas Production

The American fracking for oil and natural gas boom will continue on through the 2020s. And why not? Since fracking took off in 2008, we have more than doubled our proven oil reserves to ~65 billion barrels.

Natural gas reserves have surged over 80% to ~430 trillion cubic feet.

 

 

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Source: Forbes

U.S. Shale Will Grow Regardless Of Oil Prices

U.S. shale oil production will continue growing.

Despite a decline in the number of drilling rigs in the U.S. shale patch since the start of the year, the number of spudded wells has not fallen significantly.

 

 

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Source: Oilprice.com

 

Cowboys Owner Jerry Jones Says He’s Hunting for More Gas Assets

Dallas Cowboys owner Jerry Jones is doubling down on Louisiana’s Haynesville play.

Jones, 77, said “My immediate plan is to continue to aggregate long-term reserves to have the most efficient source of natural gas.”

 

 

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Source: Bloomberg.com

Natural Gas Emerging as the World’s Go-To Fuel

Natural gas is the cleanest, most versatile, and most flexible fossil fuel.

This all explains why gas today provides a rising 30 percent of the energy used in the rich OECD economies.

 

 

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Source: rigzone.com

Supply and demand

U.S. oil producers have said they plan to slow production to reduce supplies and thus boost the costs.

But experts say that oil production will stay ramped up into 2020, and will slow later next year and after.

 

 

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Source: Toledoblade.com

Rail, frac sand provider expanding in Marcellus shale

Shale Rail released plans to add an additional new track.

The Wysox location has the capacity to transload over 80,000 tons per month of frac sand.

 

 

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Source: northamericanshalemagazine.com

Natural gas rates go up in November

Natural gas prices will go up next month under new rates.

The PUC approved an overall increase of $5.3 million, or 8.5%.

 

 

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Source: bendbulletin.com